Insurance ICICI Lombard records net profit of Rs.1730 crore in FY 2022-23

ICICI Lombard records net profit of Rs.1730 crore in FY 2022-23

Profit after tax (PAT) grows at 36% last year.

Team Cafemutual May 8, 2023

Listen to this article

ICICI Lombard General Insurance has recorded net profit of Rs.1730 crore in FY 2023.

The company has witnessed 36% growth in terms profit after tax (PAT). The insurer booked PAT of Rs.1272 crore in FY 2022.

Overall, the insurer saw gross direct premium income (GDPI) of Rs. 21,000 crore in FY2023 compared to Rs.17,900 crore in FY2022, a growth of 17% which was higher than the industry growth of 16%.

Like what you are reading?

Login to get instant access to this article and many other such articles on business development, success stories and industry updates.

Don't worry ... it's FREE!

Have a query or a doubt?
Need a clarification or more information on an issue?
Cafemutual welcomes all mutual fund and insurance related questions. So write in to us at newsdesk@cafemutual.com

Latest Articles

FM, IRDAI Chief express concerns over mis-selling of insurance by banks

Galaxy Health Insurance launches its first product

Insurance industry needs close to 1 crore agents: IRDAI

Who are the top non-life players across business segments?

Life insurance AUM reaches Rs.68 lakh crore: IRDAI

Who are the top players in health insurance?

Niva Bupa Health Insurance to go public

HDFC Life, LIC and Tata AIA Life add highest number of agents in April-Sept 2024

Insurers likely to do background checks of agents and intermediaries

IRDAI’s online platform for agents is ready for a soft launch

Click to clap

Disclaimer: Cafemutual is an industry platform of mutual fund professionals. Our visitors are requested to maintain the decorum of the platform when expressing their thoughts and commenting on articles. Viewers are advised to refrain from making defamatory allegations against individuals. Those making abusive language or defamatory allegations will be blocked from accessing the web site.

0 Comment

Be the first to comment.

More than 2,07,000 of your industry peers are staying on top of their game by receiving daily tips, ideas and articles on growth strategies. Join them and stay updated by subscribing to Cafemutual newsletters.

Fill in the below details or write to newsdesk@cafemutual.com and subscribe to Cafemutual Newsletter now.

POLL

MORE POLLS

As regards Portfolio Management Services (PMS), what is your status

Actively selling PMS

Not selling PMS but considering it seriously

Not selling PMS and not considering it either

EVENTS FORUMS